Worldpay and CAN Capital Team to Offer Working Capital to Merchants

Payments technology and services provider Worldpay has joined forces with CAN Capital, a leader in alternative small business finance, to offer small businesses fast and efficient access to working capital.

Through this collaboration, Worldpay merchants can take advantage of CAN Capital’s flexible and manageable finance programs allowing them to grow and manage their business while preserving cash flow.

CAN Capital’s funding programs include the Merchant Cash Advance (MCA), which allows a business to sell a portion of its future credit and debit card sales in exchange for a discounted purchase price; and the Daily Remittance Platform, allowing lenders to small and medium-size businesses to access the daily cash flows of borrowers, and collect daily remittances from them.

“As the leaders in modern money, we are committed to providing our customers value beyond reliable payments processing, such as access to unique financial solutions they otherwise wouldn’t have,” said Worldpay US Chief Marketing Officer Patti Newcomer.

With its innovative and proprietary risk models together with daily performance data, CAN Capital quickly and efficiently evaluates business performance and facilitates access to capital.

“CAN Capital has provided small businesses with access to more than $4.7 billion in capital,” said James Mendelsohn, Chief Marketing Officer at CAN Capital. “Through our advanced technology, funds can be sent to Worldpay merchants in as little as 3 business days. Our speed and convenience means small business owners can focus on running their businesses instead of spending time searching for working capital.”